Can BTC form a W bottom on the 4-hour chart? Focus on the neckline position at 88K;
If it does not break through, you can directly open a short position. If it breaks above, consider going short around 90K;
Watch for bottom support at 851, if it breaks, look for strong support at 83.7K and 80K.
CPI will be released tonight, and the small interest rate hike will be implemented tomorrow. Be aware of risks (keep your defenses up) $BTC
BTCUSDT
Perp
85,053.6
-0.69%
ETHUSDT
Perp
2,809.07
+0.08%